Unbelievable

Didn't these guys just tell us in October that they had $4.8 million dollars in the bank? To issue these 12,000,000 shares at .25 cents (at historic multi year low price) is simply unbelievable. There is NO Colombia drilling on the horizion that I'm aware of. There will be NO more drilling at Red Hill accordiing to NUG this year. Why are they doing this????